VITA Certification
- ANS-
. What is Evan's total deduction for charitable contributions on Schedule A, line 19? - ANS-d.
1840
4. Teresa and her youngsters did not have Minimum Essential Coverage (MEC) for two
months of the tax 12 months. How does this affect her tax go back?
A. She have to make an Individual Shared Responsibility Payment for herself.
B. She must make an Individual Shared Responsibility Payment for Zack and
Mackenzie.
C. She should entire Form 8965 to say the quick coverage gap exemption.
D. All of the above. - ANS-c. She should complete Form 8965 to claim the quick insurance
gap exemption.
A taxpayer tells you that they had medical insurance insurance for the entire year, but they
did not carry proof of the coverage. This records along side all different information accrued
for the duration of your interview does now not appear uncommon or questionable. As a tax
preparer, you need to: - ANS-b. Put together the go back using the facts without seeing any
proof of insurance coverage
A U.S. Citizen lived out of doors the U.S. For 330 full days for the duration of a 12-month
length. They qualify for an exemption. - ANS-Yes; A U.S. Citizen or resident who spent at
least 330 complete days outdoor of the the U.S. At some point of a 12-month duration
qualifies for an exemption.
Antonio has $23,050 in earned profits, and his adjusted gross earnings is $23,one hundred
seventy five. His submitting repute is unmarried. Antonio's 20-year-vintage daughter, Maria,
lived with him for 8 months of the 12 months. Maria isn't married and is a complete-time
college pupil. Can Antonio claim the EIC? - ANS-Yes; Antonio can claim the EIC because he
has a qualifying baby who lived with him extra than 1/2 the 12 months, and his earned profits
and adjusted gross income are each under $39,131
As part of the intake technique, each website online must:
a. Have a procedure to make certain a return is within the scope of the VITA/TCE Programs
b. Identify the certification stage needed to put together a return
c. Have a process to make certain volunteers have the certification needed for the returns
they put together
d. All of the above - ANS-d. All of the above
Basic Scenario 1:
Wendy Gordon.
AGE: 20, is a U.S. Citizen with valid SS.
"Unsure" to impeach "Can each person declare you or your spouse on their tax return?"
- full time scholar during 2015
- simplest income for $6,500 in wages
- lived together with her parents all 12 months, however they told her they will not declare
her
- does not offer greater than 1/2 of her very own support. - ANS-Which of the subsequent
statements is accurate?
, A. Wendy have to declare zero exemptions, because her income turned into less than
$10,000.
B. Wendy need to claim zero exemptions, because her mother and father can claim her as a
depending on their tax go back. CORRECT
c. Wendy can declare 1 exemption, because she had earned profits.
D. Wendy can claim 1 exemption, because her mother and father have decided no longer to
assert
her.
Using Publication 4012, Who Must File tab, Chart B, is Wendy required to document a tax
go back?
A. Yes CORRECT
b. No
Basic Scenario 2:
Joanne Parks
AGE: 32, unmarried and earned $40,000 in wages.
Joanne's 67-year-old single father, John, lives in his own condo in Seattle.
Joanne offers more than 1/2 of her father's help and all of the fee of maintaining her father's
domestic.
- John's income is o$6,800 SS advantages
- None of John's SS income is table, and he isn't any required to report a tax return
- Joanne had certified employee medical health insurance coverage over all of 2015. John
had Medicare Part A & B insurance all yr.
Joanne and John are U.S. Citizens with legitimate SS. - ANS-Joanne's maximum wonderful
allowable filing fame is:
a. Married Filing Jointly
b. Qualifying Widow
c. Head of Household CORRECT
d. Single
Both Joanne and John have qualifying medical health insurance coverage (also referred to
as
minimum vital insurance) as described beneath the Affordable Care Act.
A. True CORRECT
b. False
Basic Scenario 3:
Mike Hastings
AGE forty five, made $19,000 in wages
Single and will pay for home.
Mike's daughter, Brittany, stay with him all yr.
Brittany's son, Hayden, became born in Nov 2015. Hayden lived with Mike's home when you
consider that beginning
Brittany is eighteen, unmarried and had wages of $,1700 in 2015.
Mike presents greater than 1/2 of the aid for both Brittany and Hayden.
Mike, Brittany, and Hayden are all U.S. Citizen's and has valid SS. - ANS-Who can claim
Hayden as a dependent?
- ANS-
. What is Evan's total deduction for charitable contributions on Schedule A, line 19? - ANS-d.
1840
4. Teresa and her youngsters did not have Minimum Essential Coverage (MEC) for two
months of the tax 12 months. How does this affect her tax go back?
A. She have to make an Individual Shared Responsibility Payment for herself.
B. She must make an Individual Shared Responsibility Payment for Zack and
Mackenzie.
C. She should entire Form 8965 to say the quick coverage gap exemption.
D. All of the above. - ANS-c. She should complete Form 8965 to claim the quick insurance
gap exemption.
A taxpayer tells you that they had medical insurance insurance for the entire year, but they
did not carry proof of the coverage. This records along side all different information accrued
for the duration of your interview does now not appear uncommon or questionable. As a tax
preparer, you need to: - ANS-b. Put together the go back using the facts without seeing any
proof of insurance coverage
A U.S. Citizen lived out of doors the U.S. For 330 full days for the duration of a 12-month
length. They qualify for an exemption. - ANS-Yes; A U.S. Citizen or resident who spent at
least 330 complete days outdoor of the the U.S. At some point of a 12-month duration
qualifies for an exemption.
Antonio has $23,050 in earned profits, and his adjusted gross earnings is $23,one hundred
seventy five. His submitting repute is unmarried. Antonio's 20-year-vintage daughter, Maria,
lived with him for 8 months of the 12 months. Maria isn't married and is a complete-time
college pupil. Can Antonio claim the EIC? - ANS-Yes; Antonio can claim the EIC because he
has a qualifying baby who lived with him extra than 1/2 the 12 months, and his earned profits
and adjusted gross income are each under $39,131
As part of the intake technique, each website online must:
a. Have a procedure to make certain a return is within the scope of the VITA/TCE Programs
b. Identify the certification stage needed to put together a return
c. Have a process to make certain volunteers have the certification needed for the returns
they put together
d. All of the above - ANS-d. All of the above
Basic Scenario 1:
Wendy Gordon.
AGE: 20, is a U.S. Citizen with valid SS.
"Unsure" to impeach "Can each person declare you or your spouse on their tax return?"
- full time scholar during 2015
- simplest income for $6,500 in wages
- lived together with her parents all 12 months, however they told her they will not declare
her
- does not offer greater than 1/2 of her very own support. - ANS-Which of the subsequent
statements is accurate?
, A. Wendy have to declare zero exemptions, because her income turned into less than
$10,000.
B. Wendy need to claim zero exemptions, because her mother and father can claim her as a
depending on their tax go back. CORRECT
c. Wendy can declare 1 exemption, because she had earned profits.
D. Wendy can claim 1 exemption, because her mother and father have decided no longer to
assert
her.
Using Publication 4012, Who Must File tab, Chart B, is Wendy required to document a tax
go back?
A. Yes CORRECT
b. No
Basic Scenario 2:
Joanne Parks
AGE: 32, unmarried and earned $40,000 in wages.
Joanne's 67-year-old single father, John, lives in his own condo in Seattle.
Joanne offers more than 1/2 of her father's help and all of the fee of maintaining her father's
domestic.
- John's income is o$6,800 SS advantages
- None of John's SS income is table, and he isn't any required to report a tax return
- Joanne had certified employee medical health insurance coverage over all of 2015. John
had Medicare Part A & B insurance all yr.
Joanne and John are U.S. Citizens with legitimate SS. - ANS-Joanne's maximum wonderful
allowable filing fame is:
a. Married Filing Jointly
b. Qualifying Widow
c. Head of Household CORRECT
d. Single
Both Joanne and John have qualifying medical health insurance coverage (also referred to
as
minimum vital insurance) as described beneath the Affordable Care Act.
A. True CORRECT
b. False
Basic Scenario 3:
Mike Hastings
AGE forty five, made $19,000 in wages
Single and will pay for home.
Mike's daughter, Brittany, stay with him all yr.
Brittany's son, Hayden, became born in Nov 2015. Hayden lived with Mike's home when you
consider that beginning
Brittany is eighteen, unmarried and had wages of $,1700 in 2015.
Mike presents greater than 1/2 of the aid for both Brittany and Hayden.
Mike, Brittany, and Hayden are all U.S. Citizen's and has valid SS. - ANS-Who can claim
Hayden as a dependent?
